1-Feb-2011 1:34 PM

Brazil presses for more information about LATAM merger

Brazil’s government requested details from Chilean authorities on their decision to freeze LAN’s acquisition of TAM (Bloomberg, 31-Jan-2011). Brazil’s antitrust regulator, Cade, announced it may ask the companies for a buy-reversal plan. On the Chilean side, concerns are mounting over the levels of foreign ownership and the impact on regional routes in Chile.